Originator / Branch	No. Loans	Dollar Amount
First Western Mortgage, Inc., Booneville, AR	1	*$67,500.00*
BancorpSouth, Van Buren, AR	22	*$1,318,570.00*
BancorpSouth, Fort Smith, AR	3	*$200,317.00*
Superior Federal Bank, Fort Smith, AR	13	*$696,950.00*
Farmers Bank, Greenwood, AR	3	*$156,000.00*
Regions Mortgage, Inc., Little Rock, AR	2	*$122,738.00*
US Bank Home Mortgage, North Little Rock, AR	1	*$68,820.00*
Simmons 1^st Mortgage, Little Rock, AR	5	*$326,872.00*
Arvest Mortgage Company, Lowell, AR	11	*$625,141.00*
Citizens Bank and Trust, Fort Smith, AR	2	*$176,609.00*
NARDIC, Fort Smith, AR	2	*$166,604.00*
Benefit Bank, Fort Smith, AR	82	*$5,828,804.00*

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	*105*	*$6,092,007.00*
New or Proposed Construction	42	*$3,662,918.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	91	*$6,120,059.00*	*61.9%*
Minorities	56	*$3,634,866.00*	*38.1%*

Ethnicity	Mean Income	Median Income
Non-Minorities	*$29,710.03*	*$30,444.00*
Minorities	*$30,922.40*	*$31,085.94*

Average Household Size:	*2.2*

Loan Cancellation Rate:	*15.5%*

DOWN PAYMENT ASSISTANCE PROGRAM

Current Homebuyer Counselors Located in County

Crawford-Sebastian Community Development Council, Inc.

Fort Smith, AR

479.785.2303

www.cscdccaa.org

Loan Statistics

NO. LOANS	DOLLAR AMOUNT	MEAN LOAN AMT.	% of H2O (1^ST) LOANS
81	*$197,501.00*	*$2,438.28*	*55.1%*

Loans by Homebuyer Counselor

Counselor

No. Loans

Dollar Amount

Crawford-Sebastian Community Development Council, Inc.

$197,501.00

Loans by New or Existing

New or Existing	No. Loans	Dollar Amount
Existing Construction	72	*$179,715.00*
New or Proposed Construction	9	*$17,786.00*

Demographics

Ethnicity	No. Loans	Dollar Amount	Percent
Non-Minorities	47	*$118,630.00*	*58.0%*
Minorities	34	*$78,871.00*	*42.0%*

Loan Cancellation Rate: 16.5%

TOTAL HOMEOWNERSHIP FY 2004: $9,952,426.00

Total Economic Impact

Local Jobs Supported: 132

Local Business Owner’s Income: $1,099,560.00

Local Wages & Salaries: $4,944,660.00

Local Government Revenue: $779,940.00

TOTAL MONETARY IMPACT: $6,824,160.00

HOUSING PRODUCTION

Affordable Housing Partners Serving County

Arrington Development, Madison, MS (Developer)

601.856.3538

Bost, Inc. (HOME Program)

Dale Lancaster, Madison, MS (General Partner)

601.856.3538

Ronald-Ragon LLC (HOME Program), Fort Smith, AR

479.996.6947

www.ronaldragonrealty.com

Spa Area Independent Living Services (SAILS) (HOME Program-Statewide

Projects)

1.800.255.7549

www.myceon.com/training.com/heroes.pdf

William P. Joseph, Jr., Jackson, MS (General Partner)

601.352.1100

Program Statistics

HOME Allocations / Board Approvals FY 2004

	No. Units	HOME Funds
Rental New Construction	0	*$0.00*
Rental Rehab	0	*$0.00*
Homeowner New Construction	0	*$0.00*
Homeowner Rehab or Mortgage Subsidy	27	*$300,000.00*
Tenant Based Rental Assistance	*Tenants-42*	*$196,056.00*
Acq / Rehab	0	*$0.00*
TOTAL	69	*$496,056.00*
Average Amount per Unit		*Tenants-$4,668.00* *Units - $11,111.11*

Disbursements of FY04’s & Previous Years’ HOME Allocations/Approvals and FY2004 Low-Income Tax Credits

	No. Units	Tax-Exempt Bonds	Low Income Hsng Tax Credits	HOME Funds	Total
Rental New Construction	32	*$0.00*	*$348,420.00*	*$0.00*	*$348,420.00*
Rental Rehab	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*
Homeowner New Construction	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*

Homeowner Rehab or Mortgage Subsidy	28	*$0.00*	*$0.00*	*$294,100.00*	*$294,100.00*
Tenant Based Rental Assistance	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*
Acq / Rehab	0	*$0.00*	*$0.00*	*$0.00*	*$0.00*
TOTAL	60	*$0.00*	*$348,420.00*	*$294,100.00*	*$642,520.00*
Average Amount per Unit					*$10,708.67*

TOTAL HOUSING PRODUCTION FY 2004: $642,520.00

Total Economic Impact

Local Jobs Supported: 51

Local Business Owner’s Income: $471,040.00

Local Wages & Salaries: $1,924,480.00

Local Government Revenue: $324,480.00

TOTAL MONETARY IMPACT: $2,720,000.00

DEVELOPMENT FINANCE

Capital Access Program-Participating Lenders

None

Program Statistics

Program	No. Projects	Project Amount	Average Project Amount
ADFA Bond Guaranty	0	*$0.00*	*$0.00*
AEDC/Other Bond Guaranty	0	*$0.00*	*$0.00*
Higher Education Facilities	0	*$0.00*	*$0.00*
Wastewater Revolving Loan	0	*$0.00*	*$0.00*
Safe Drinking Water Revolving Loan	0	*$0.00*	*$0.00*
ADFA-Originated Loans	0	*$0.00*	*$0.00*
Bond Guaranty Reserve Fund	0	*$0.00*	*$0.00*
Capital Access Program	0	*$0.00*	*$0.00*
Disadvantaged Business Enterprise	0	*$0.00*	*$0.00*
Beginning Farmer	0	*$0.00*	*$0.00*
Governmental Conduits	0	*$0.00*	*$0.00*
Special Projects Fund	0	*$0.00*	*$0.00*

TOTAL DEVELOPMENT FINANCE FY 2004: $0.00

TOTAL FUNDS FOR SEBASTIAN CNTY FY 2004

$10,594,946.00

Distribution of these total funds
Homeownership	*$9,952,426.00*
Housing Production	*$642,520.00*
Development Finance	<